Bellwood, IL (60104) is a great place to live for those looking for an affordable lifestyle. The 2 Bedroom rent in this area is $1,290 per month which is significantly lower than the US average of $1,430. Additionally, Bellwood grocery cost index is 95 versus 100 in the US making grocery shopping more affordable here. \nThose who don't mind a suburban setting can find Bellwood an attractive place to settle down as there are many local businesses such as Elite Appliances, Trifari's Pizza & Pasta, and O'Laughlin and Company around town. Apart from the low rental costs and groceries, Bellwood has other low cost of living expenses such as energy bills that are 22% lower than the national average with utility costs being 6% less.
Bellwood (zip 60104) has an unemployment rate of 8.4%. The US average is 6.0%.
Bellwood (zip 60104) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Bellwood (zip 60104)
- The Sales Tax Rate for Bellwood (zip 60104) is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Bellwood (zip 60104) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bellwood (zip 60104)
- The average income of a Bellwood (zip 60104) resident is $20,400 a year. The US average is $28,555 a year.
- The Median household income of a Bellwood (zip 60104) resident is $66,564 a year. The US average is $69,021 a year.